Xiamen Xinda (000701) announced today that the company intends to hold the shares of Xiamen Sanan Electronics Co., Ltd. (hereinafter referred to as “Sanan Electronicsâ€) at the Xiamen Property Rights Exchange Center at a price not lower than the corresponding equity evaluation value. The transfer and transfer of equity ratio does not exceed 1.39%. The current counterparty is still uncertain.
As of May 31, 2016, the book value of Sanan Electronics' net assets was -1.45 billion yuan, with an estimated value of 13.019 billion yuan. The company holds a 1.39% stake in Sanan Electronics. As of May 31, 2016, the book investment cost was RMB 22,248,900.
At present, Sanan Electronics' profit source is mainly the only long-term equity investment project--the equity investment in the listed company Sanan Optoelectronics Co., Ltd. (600703.SH).
According to relevant information, Xiamen Xinda originally held a 10% stake in Sanan Electronics. Since 2013, it has reduced its shareholding three times. Together with the 1.39% equity interest to be transferred, the equity of Sanan Electronics will no longer be held after the transfer.
On May 26, 2007, the board of directors of the company reviewed and approved 20 million shares of Sanan Electronics held by Fujian Sanan Group Co., Ltd. for 150 million yuan. On January 22, 2008, the board of directors of the company reviewed and approved 5.5 million shares of Sanan Electronics, which was held by Fujian Sanan Group Co., Ltd. and absorbed by the merger. At the same time, the company paid a 10% increase of 4,563,916.20 yuan for other net assets (excluding equity) due to the merger of Sanan Electronics.
According to the book investment cost of the 10% shares held by it is 160 million yuan, the cumulative transaction price of the three shares is 808 million yuan. If the transfer is based on the latest evaluation price, 1.39% shares correspond to the transaction price of 180 million yuan.
In 2013, some organizations questioned the existence of related transactions between Sanan Optoelectronics and Cinda Optoelectronics. Sanan Optoelectronics subsequently issued a clarification announcement stating that Cinda Optoelectronics is a holding subsidiary of Xiamen Xinda Co., Ltd. (hereinafter referred to as “Xiamen Xindaâ€), and Xiamen Xinda holds the shareholder of Sanan Optoelectronics Xiamen Sanan Electronics Co., Ltd. Under the name of “Sanan Electronicsâ€, 10% of the shares, indirectly holding 3.50% shares of Sanan Optoelectronics, there is no control, joint control or significant influence between Sanan Optoelectronics and the controlling shareholder and Xiamen Xinda.
Mulinsen (002745) disclosed the announcement of the revised estimate for the January-September 2016 results. Expected January-September 2016
The net profit attributable to shareholders of listed companies was 285 million yuan to 325 million yuan, an increase of 14.15% to 30.58%.
With the gradual construction of the company's fundraising projects, the company's LED packaging and lighting products continue to expand in scale, and large-scale production has further reduced the unit cost of the products.
With the gradual release of the production capacity of the fundraising project, the company's LED packaging and lighting products continue to expand production and sales, sales revenue growth, while the price of market lighting products in July-September 2016 tends to be stable, unit price stability and unit cost Lowering the gross profit of the company's products, resulting in increased performance.
In the “2016 Semi-annual Report†previously disclosed by the company, the report expects that the net profit attributable to shareholders of listed companies from January to September 2016 will range from RMB 192 million to RMB 210 million. The performance correction showed that Mulinsen's performance in the third quarter was better than expected.
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